Inheritance Tax in Valencia. A good situation.
Spain as a whole is considering scrapping Inheritance Tax for property transactions in order to help bolster the sector. Well in Valencia it already has (Almost). IHT is not payabale to descendents of people as long as those descendents re resident in the community. There is a nominal fee of 1% to be paid. Thus if you leave a property to resident family members the rather onerous IHT in other countries or regions does not exist here. Obviously this means that from a tax point of view an investment in property in Valencia region is long term an extremely attractive option for those bringing their families over to the area to live.